Bankwest Credit Cards

Updated 25 May 2020

With an established presence across Australia, Bankwest provides a wide range of financial products and services, including home loans and personal loans, transaction accounts, savings accounts and credit cards. Offering a number of credit cards within its range, Bankwest focuses on service, providing value in its low rate and low fee cards, and useful features within its rewards cards and business cards.

Earn 0.75 Qantas Points per $1 on the first $2500 spent per month, and 0.3 points thereafter. Up to 3 additional card holders at no extra cost. Platinum concierge and complimentary Overseas Travel Insurance.

No foreign transaction fees on online and overseas purchases

points earned over 12 months

Earn 0.75 Qantas Points per $1 on the first $2500 spent per month, and 0.3 points thereafter. Up to 3 additional card holders at no extra cost. Platinum concierge and complimentary Overseas Travel Insurance.

Annual fee

When you spend at least $2,500 on eligible purchases within first 3 months. Earn 1 point for every $1 spent and redeem for gift cards, goods and office essentials. Add up to 3 additional card holders at no cost.

28,000 bonus points

points earned over 12 months

When you spend at least $2,500 on eligible purchases within first 3 months. Earn 1 point for every $1 spent and redeem for gift cards, goods and office essentials. Add up to 3 additional card holders at no cost.

Bonus points

Annual fee

We found no credit cards using your selected criteria

Update your filters to get more cards to display. Reach out if you are having any problems.

Bankwest - Over 100 years

With a story that goes back more than a century, Bankwest now operates as a division of the Commonwealth Bank. Like its parent company, Bankwest offers a wide range of financial products, with more than ten credit cards available for personal and business use. From cards that can help keep costs down, to those that reward big spenders, Bankwest has something for everyone.

Types of Bankwest Credit Cards

When you compare Bankwest credit cards, you obviously need to know what types of cards are available so you can size up the options. To help you choose the best Bankwest credit card for you, we’re going to look at the various types of credit cards Bankwest has to offer, to then discuss who they work best for, what you should be aware of, and the various pros and cons of each option.

A low rate credit card can help cardholders keep costs down, allowing them to save on interest should they carry a balance. While the best way to save on interest is to clear your balance by the statement due date before it starts to accrue interest, this isn’t always possible.

Standard credit cards can have purchase rates that reach 22% p.a. and higher. If you carry a balance on these cards, interest will stack up pretty quickly. By choosing a low rate credit card with a purchase rate ranging between 9% p.a. and 13% p.a., you could save on interest when you carry a balance. This could help to pay down your balance faster to get back to $0.

A low rate card can obviously work well for cardholders who tend to carry a balance. However, this type of card may also be a good choice for first-time cardholders who are unfamiliar with credit. When you start out, it can be easy to overspend. But, with a low rate card, interest payments will remain lower as that balance gets repaid.

What should you look out for?

When it comes to credit cards, there is usually some sort of balance. If rates are low, annual fees will usually be higher, and vice versa. That means, when you compare low rate cards, you should check the annual fee to make sure the card still offers good value.

Both the Bankwest Breeze Mastercard and the Bankwest Breeze Platinum Card have annual fees in the range you would expect for a low rate card. But, it’s up to you to work out whether the low rates and the features on offer are worth the annual fee you will pay.

It’s also worth noting that low rate cards can be somewhat lacking in features. As you are paying less in interest, card providers generally offer fewer features in return. The Bankwest Breeze Mastercard keeps it pretty simple, but the Bankwest Breeze Platinum Card has more to offer in platinum perks, including no foreign transaction fees and included insurances.

A card with no annual fee is designed to help cardholders save money. Considering some cardholders pay hundreds of dollars in annual fees each year, these cards have the potential to offer ongoing savings, while still providing access to credit and a range of features.

If you’re looking to save money on your annual fee, a card with no annual fee could be a good option. Similarly, if you only keep a card for emergencies, a no annual fee card will be there when you need it, but you don’t have to worry about paying annual fees on it in the meantime.

As no annual fee cards tend to have fewer features, they can work well for cardholders who want a basic option. Many cardholders don’t need fancy features, so they obviously don’t want to pay for them. A card with no annual fee can keep things simple, allowing cardholders to only pay for what they actually need.

What should you look out for?

Cards with no annual fees tend to have higher purchase rates. So, if you want to keep costs as low as possible, it’s best to pay your balance in full by the due date each month. In this way, you can keep a credit card in your wallet for ‘free’, by paying no annual fees or interest.

If you want a card packed with features, you may not find what you’re looking for in the no annual fee range. Card providers typically offer big features and big rewards on cards with higher annual fees. If these are the things you want on your credit card, you may have to pay an annual fee.

The Bankwest Zero Credit Card keeps features simple, focusing on keeping costs low with no annual fee. The Bankwest Zero Platinum Card still has no annual fee, but has a few features up its sleeve, including insurance cover and no foreign transaction fees.

Known as gold cards, platinum cards and black cards, prestige credit cards are cards that offer more features and a higher earn rate on rewards. Cardholders generally have to meet stricter eligibility requirements to apply, and typically have to pay a higher annual fee.

Having phased out most of its gold cards, Bankwest now focuses on Platinum and ‘black’ World cards. These include the Bankwest Breeze Platinum Card and Bankwest Zero Platinum Card, the Bankwest Qantas Platinum Card and Bankwest Qantas World Card, and the Bankwest More Platinum Card and Bankwest More World Card.

Why should you choose this card?

Cardholders typically choose these types of cards because they want more from their credit card. Prestige cards usually offer more features, such as included insurances and airport lounge access, and if they also happen to be rewards cards, they will generally provide a higher earn rate, a higher points cap, and even bonus points.

Bankwest’s range of Platinum and World cards offer extras such as no foreign transaction fees, which can offer substantial savings when shopping online at international merchants, or in person while travelling overseas.

Other extras can include airport lounge access via LoungeKey (Bankwest More World Mastercard), and a range of insurances covering travel and retail purchases.

What should you look out for?

In the world of credit cards, you get what you pay for. If you want to take advantage of fancy features and increased earn rates, you will usually have to pay for them in higher annual fees and interest.

The features on these cards can offer additional value on these higher cost cards, but of course, they need to offer value to you, if they are to be worthwhile.

Prestige cards usually have a higher minimum credit limit and annual income requirement. So, it’s important to make sure you meet all eligibility requirements before you apply, while also making sure you can afford to keep the card in your wallet.

Apart from the Qantas credit cards, Bankwest offers the Bankwest More credit cards, which are linked to its own Bankwest rewards program. The cards also come in platinum and world and have a range of shopping rewards for customers.

A rewards credit card allows cardholders to earn rewards on their credit card spending. Depending on the card, it will provide a certain number of points per dollar spent. Cardholders can then redeem those points within the card’s rewards program.

If you want to earn something back on your credit card spending, a rewards card could be well worth looking in to. After all, if you’re using the card anyway, why not earn points and get something back in rewards?

In Australia, there are plenty of rewards programs and frequent flyer programs to choose from. The key is to choose the one that works best for you. For example, if you are a frequent traveller, a frequent flyer card, such as a Qantas credit card could be your best bet.

With a Qantas credit card – like those on offer from Bankwest – you could earn Qantas Points on your everyday spending, while earning bonus points when spending at Qantas. Rewards are focused on Qantas, providing flights and upgrades with Qantas and its partner airlines, as well as merchandise and gift cards from the online Rewards Store.

Alternatively, if you’re not much of a traveller, a rewards program, such as Bankwest’s More Rewards may be a better option. While you can redeem your points through Webjet for travel, you can also opt for merchandise and gift cards from the More Rewards online store, or cashback to spend as you like.

The main thing to keep in mind when comparing rewards cards is value. You want to choose a rewards card that offers value in the rewards it provides, while also providing value for the spending you do most.

Rewards cards can have higher annual fees. It can be a good idea to work out what your expected annual spend will be, and then calculate how many points you will earn on each potential card. Once you know the value of that points earn, you can see if it’s more or less than the annual fee.

Interest on rewards cards can also be higher, which means they’re not generally a good option for cardholders who carry a balance. When you pay interest on a rewards card, you reduce the value of any points you earn.

You may also want to look at membership fees. Bankwest’s More Rewards has no membership fee, but Qantas does. Fortunately, quite a few of Bankwest’s Qantas credit cards waive the Qantas Frequent Flyer membership fee, saving cardholders $99.50.

Business credit cards are designed for business use. They can make it easier to handle business cashflow, offering handy accounting tools and interest free periods. Some also provide rewards, allowing cardholders to earn points on business spending.

If you want a credit card for business use, business credit cards can offer a number of handy features. They can make it easier to track business spending, reducing the need for petty cash. They can provide handy business tools, while also helping with business cashflow.

Low rate options such as the Bankwest Low Rate Business Mastercard can help to save on interest should you carry a balance. Meanwhile, business rewards cards such as the Bankwest Business Large Rewards Mastercard can provide rewards back on business spending.

What should you look out for?

As with any card, a business credit card has to be fit for purpose. Make sure the card you choose offers the features you need, while offering value for the way in which you use the card. For example, if you tend to carry a balance, a rewards card may not be the best option.

Look at the cost of using the card versus the value it offers in return. Both of Bankwest’s business credit cards provides up to three additional cardholders at no extra cost, but if you have a larger business that requires more cards, you will need to take that into consideration.

To do this, you need to know the Bankwest BPay Biller code, which is 9100, and you need to have your credit card number to use as a reference. If you are paying off your Bankwest card close to the due date, you should allow 2-3 business days for the payment to be processed, so make sure the payment is early enough before the cut-off date to avoid any late payment fees.

Roland

Linda

17 March 2017

Hi Roland I have the Qantas World Master card ($270 per year) it states in the notations that there is travel insurance attached to that.

Roland

20 March 2017

Hi Linda, yes the Qantas World is the most premium card and definitely has the overseas travel insurance. They do make you jump through some hoops to get the insurance. See below all the criteria you must satisfy to get the insurance. A cardholder automatically becomes eligible for this “International Travel Insurance” when they meet all of the following eligibility criteria: 1. they are travelling to an overseas destination; and 2. they purchase a return overseas travel ticket before leaving Australia; and 3. they spend at least A$500 on their prepaid travel costs (i.e. the cardholder’s travel costs that they pay for before leaving Australia, which includes the cost of their return overseas travel ticket; and/or airport/ departure taxes; and/or their prepaid overseas accommodation/travel; and/or any other of their prepaid overseas itinerary items); and 4. they pay these costs by one (or a combination) of the following methods: • by charging to their eligible credit card account; and/or • by redeeming their Bankwest More rewards points (excluding any points redeemed for Frequent Flyer programs); and/or • by paying with redeemable travel agency flight vouchers that were obtained by converting their Bankwest More Rewards points.

Linda

16 March 2017

I have a Qauntas world Master card from bank west. Do I have to purchase airfares for over seas travel or can I purchase accommodation or both to receive the insurance benefits?

Roland

17 March 2017

Hi Linda, I have found a PDF on the bankwest site that explains the insurance that comes with your card. The International Travel Insurance is only available for World Platinum and Gold MasterCards. Which level of card do you have?

Lesley Gulliver

16 March 2017

i am not a bankwest customer. Do you have to be a customer to apply for a credit card? thank you

Roland

16 March 2017

Hi Lesley, you do not need to be a customer to apply. Best of luck with your application. You can apply directly from the Bankwest website.

Robyn

8 March 2017

We're going on a trip to Italy and will be hiring a campervan or motor home. Does the Bankwest Platimum Mastercard cover the excess on these vehicles or do we need to take out separate insurance?

Roland

9 March 2017

Hi Robyn, you do have Rental vehicle insurance excess Limit of A$3,000 for World MasterCards & Platinum MasterCards as long as you have reached the eligible requirements. Check out the full details on this PDF that I have found on the Bankwest Site.

Suzanne Hauff

13 February 2017

I received an offer to transfer my credit card balances with zero interest for 12 months. Offer ends today. Is it possible to apply online?

Roland

14 February 2017

Hi Suzanne, sorry for the delay in this. Typically custom offers are required to be completed on the application form provided or in branch. Not to worry though as there are a heap of 0% balance transfer offers in market. Many are even much more than 0% for 12 months. Check out all the current 0% balance transfer deals. The main point on transfers is that they typically need to be between different bank. Therefore if you have Westpac debt, you can transfer this to NAB and so on.

alex

31 October 2015

how many days before late payment fee is applied

Roland

2 November 2015

Hi Alex, I assume a late payment fee is charged as soon as the account is overdue. Aka if your due date for payment was 1/10/2015 (and its a weekday), then you make payment a few days later, then the fee would apply. In many cases if you do make payment close to the due date you may be able to call and have the fee waived.

David

24 February 2014

Can you tell me which ATM's a BW Credit Card can be used at for free?

Roland

25 February 2014

Hi David, Bankwest customers can use both Bankwest ATMs AND Commonwealth bank ATMs. Many 7-Elevens also have ATMs available for Bankwest and Commonwealth Bank cutsomers to use. Find ones close to you on BankWest's 'find us' page: http://www.bankwest.com.au/find-us

General Disclaimer: The credit cards compared on this page are chosen from a range that CreditCard.com.au has access to track applications from and is not representative of all the credit card products available in the market. The product information provided cannot be considered comprehensive and may not contain all the features relevant to you. We also provide information on a range of cards that we do not have ability to track but believe have impact on the Australian credit card market. The use of terms 'Best' or 'Top' are not product ratings and are subject to our Terms and Conditions of Use. On this website, we provide credit assistance and act as an intermediary. We are not providing financial products. Read the provider's Product Disclosure Statement. You should consider seeking your own independent professional advice and your personal financial circumstances when comparing credit card products. Interest rates and fees and charges are subject to change without notice. Reasonable efforts are made to maintain accurate information. However, information is presented without warranty. When you click on the 'Go to offer' button you will have an opportunity to review the credit card terms and conditions on the credit card issuer's web site. Even though we provide information and assistance on credit cards in Australia, we are not suggesting that you apply for any particular product from any of the credit card providers listed. CreditCard.com.au may receive a commission when credit cards are applied for as a result of the outbound links on this site. Please refer to our credit guide for more information.

Filter your savings

Adjust the filters to see how much you could save with a balance transfer to a new credit card